Philippines Glass Market Top 5 Importing Countries and Market Competition (HHI) Analysis
The Philippines glass import market in 2024 continued to see significant concentration, with Japan, China, Thailand, USA, and Germany leading as the top exporting countries. Despite a challenging CAGR of -7.13% from 2020 to 2024, there was a slight growth uptick of 3.13% from 2023 to 2024. This suggests some resilience and potential opportunities for market recovery in the near future. The dominance of these key exporting countries highlights the importance of understanding and monitoring their market dynamics for stakeholders in the glass import industry in the Philippines.
Philippines Glass Market report thoroughly covers the market by product types, application, and technology types. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Philippines Glass Market Synopsis
Philippines glass market revenues witnessed a steady growth in the previous few years owing to growth in residential and commercial sector. However, the market was affected in 2020 by the ongoing pandemic of COVID-19, which caused a halt to manufacturing activities thereby limiting production. Disruptions in the supply chain and international trade significantly impacted the Philippines glass market as the market is mostly import based with raw materials imported mainly from China, Thailand, Vietnam and Malaysia. However, the market revived soon and is expected to further grow during the forecast period owing to government investments in infrastructural development projects and rapidly expanding construction and automotive sector.
According to 6Wresearch, Philippines Glass Market revenue is projected to grow at a CAGR of 10.1% during 2022-28. Glass market in Philippines is driven by rising demand from key application areas, especially the construction sector followed by the automotive sector. The country’s construction sector is expected to grow strongly owing to government investment of $ 6.5 billion USD in infrastructural development projects and introduction of “Build Build Build” programme (2017-2022) under which about 102 airport projects are scheduled. Furthermore, construction of 6,500 residential units per annum between 2022-26 and completion of 1,600 new hotel rooms in 2022 is expected to create demand for glass thereby significantly contributing towards the growth of glass market across the country.
Market by Product Type Analysis
In terms of product types, the segments Basic Glass & Tempered have captured 66% of the market revenues in 2021, with basic glass leading the market. Basic glass dominated the glass market revenues by product types in 2021 on account of it being sold in large quantities and its wider usage in different applications. Basic glass is manufactured using float glass technology which includes in-line assembly of glass production hence larger volume of glasses of basic glasses are produced using this technology.
Market by Application Analysis
In Philippines Glass Market, Architectural vertical have led the overall market revenues accounting more than 68% of the market revenues in 2021. Architectural segment acquired the majority revenue share in 2021 owing to approximately 71.6% of residential sector constructions in Q3 of 2021 and several ongoing projects including construction of mixed-use complex in Cebu, Telabastagan, Mandtra residences with 1,879 residential units and many more which created demand for basis, laminated and tempered glass.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2021
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Philippines Glass Market Overview
- Philippines Glass Market Outlook
- Philippines Glass Market Forecast
- Historical Data and Forecast of Philippines Glass Market Revenues for the Period 2018-2028F
- Historical Data and Forecast of Revenues, By Types, Verticals, and Regions for the Period 2018-2028F
- Market Drivers and Restraints
- Philippines Glass Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Philippines Glass Market - Impact Analysis of COVID-19
- Market Opportunity Assessment
- Philippines Glass Market Revenue Ranking, By Company
- Philippines Glass Market – Import Trade Statistics
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
- By Product Types:
- Basic Glass
- Tempered
- Laminated
- Insulated
- Others (Low-Emissivity, Patterned, Tinted, Wire and Solar Coated Glass)
- ByApplications:
- Architectural
- Automotive & Transportation
- Others (Consumer Durables and Construction & Farm Equipment)
- By Technology:
- Float
- Rolled
